Too Busy for You
December 2, 2007 – 11:08 pm
As you know, “The Fly” needs to address many important matters, such as 28 inch rims, bling for Christmas and my comedic home plumbing experience, amongst others.
However, due to my busy schedule, I am unable to type words on the computer, at least not too many words.
Developing…
“do to my busy schedule”?
I am shocked…
December 2nd, 2007 at 11:18 pmlies.
December 2nd, 2007 at 11:20 pm28?? That’s it? Small pimpin’.
This is how the big boys roll:
December 2nd, 2007 at 11:28 pmhttp://www.platinum-city.com/img/40InchWheels.jpg
Whoever owns that car is mentally ill.
December 2nd, 2007 at 11:30 pmThis is how I roll:
http://most-expensive.net/wp-content/DSC00828.jpg
December 2nd, 2007 at 11:35 pmThis is how Wood rolls:
http://www.allfordmustangs.com/forums/attachments/classic-tech/6574d1110530150-biggest-tire-size-bullitts-68-before.jpg
December 2nd, 2007 at 11:37 pmAh, very nice, Mr. Fly. As long as they’re not on a Prelude.
December 2nd, 2007 at 11:44 pmLol… I like all the busted detritus on the floor by Wood’s ride.
That shit looks perfect for “Figure 8 Racing” — you rednecks know what I’m talking about.
December 3rd, 2007 at 12:02 amYen getting expensive again.
December 3rd, 2007 at 12:04 amFly, If you would be KIND enough to allow a pesent like me , to ask a question to the sage one like of you, and so follow with said sage answer, I would like to know your thinking as to why you might or did buy some trash like ACF. I know its pure speculation, but even that has reason to , and would like to be enlighten by it., please i know I am nothing but a card holding member of the elton john fan club, next to you, but even we wee’s deserve you sage throughts. TIA.
December 3rd, 2007 at 1:14 amShit. We don’t buy those high-dollar Goodyear’s around these parts. Nothin’ but Walmart brand for my ride.
December 3rd, 2007 at 4:39 amThis is what my car would look like with rimz on it:
http://memimage.cardomain.net/member_images/2/web/2450000-2450999/2450251_1.jpg
Sweet. Reminds me of my BMX bike in elementary school.
December 3rd, 2007 at 5:43 amHere’s my street legal track car:
http://i110.photobucket.com/albums/n86/VENOMVIPER34D/709617-R1-012-4A_007.jpg
http://i110.photobucket.com/albums/n86/VENOMVIPER34D/709617-R1-020-8A_011.jpg
http://i110.photobucket.com/albums/n86/VENOMVIPER34D/033_33-1.jpg
http://i110.photobucket.com/albums/n86/VENOMVIPER34D/035_35.jpg
December 3rd, 2007 at 5:49 amDevil, I thought you had to sell that after your QID disaster.
December 3rd, 2007 at 6:21 amI’m not selling my QIDs until $57 at the next false bottom.
December 3rd, 2007 at 6:25 amNot nearly as good looking as my old Schwinn bike with a banana seat, monkey handle bars (with streamers), and Ernie Banks and Ron Santo baseball cards in the spokes.
December 3rd, 2007 at 6:41 amShed, you must’ve had a premonition.
December 3rd, 2007 at 6:50 amComedic home plumbing experience?
December 3rd, 2007 at 6:51 amFly,
December 3rd, 2007 at 6:53 amDo think we’ll see additional contracts before the end of 2007. And do you know it they signed additional contracts and have not announced them.
Fly:
December 3rd, 2007 at 7:23 amAre you buying more RIMM today for big dicked gains?
I’m nibbling RIMM in the face of this downgrade. Analysts suck.
December 3rd, 2007 at 7:37 amHMC 3.8% vs 8% sales forecast…trading down pm…hope some took the trade with me…certainly the FLY is on the HMC darkside.
December 3rd, 2007 at 7:38 amI just bought the Vzw 8830, threw a 8 gig micro sd card in it…frakking phone rocks. unreal. love it. getting my wife one for a stocking stuffer.
December 3rd, 2007 at 7:38 ami use it for data only. i dont use it as a phone.
December 3rd, 2007 at 7:41 amDennis Kneale is annoying.
December 3rd, 2007 at 7:44 amI had a dream about shorting ETFC last night. If I remember correctly, it was literally a voice from the sky.
December 3rd, 2007 at 7:53 amIs IIG going to zero?
December 3rd, 2007 at 7:54 amIf anyone remember’s Woody Allen’s classic Bananas, this slate of rejected Venezeulan “reforms” will seem familiar:
The defeated reforms would have created new forms of communal property, let Chavez handpick local leaders under a redrawn political map, lengthened presidential terms from six to seven years and let Chavez seek re-election indefinitely. Now, Chavez will be barred from running again in 2012.
Other changes would have shortened the workday from eight hours to six, created a social security fund for millions of informal laborers and promoted communal councils where residents decide how to spend government funds.
“And every male under the age of 16 years old… is now…. six-TEEN years old.”
“And everyone will be instructed to wear their underpants… on the OUTside.”
December 3rd, 2007 at 7:59 amAnyody know any relaible (yeah, I know) info on mPhase Tech (XDSL)? A friend asked about it, and it smells bad to me, but thought I’d ask around.
December 3rd, 2007 at 7:59 amTIA
RIMM stopped out. so much for that falling knife.
December 3rd, 2007 at 8:18 amHmm.. I was planning to nibble a these levels.
December 3rd, 2007 at 8:27 amBOOMER:
December 3rd, 2007 at 8:29 amI told you last week that RIMM is going to $60.
I don’t know shit about XDSL other than insiders are buying stock by the bucket loads .. of course its only a few cents but they have bought all the way down … fwiw
December 3rd, 2007 at 8:32 amDevil, there may be some RIMM-related shit talking for the next month, but come the next earnings release and it’ll blow these lowered expectations right out of the water.
December 3rd, 2007 at 8:33 amHelp for the Homies, woo woo!
December 3rd, 2007 at 8:35 amPPT:
“Hope is but a phone call away”.
December 3rd, 2007 at 8:38 amI hope you’re writing that phone number down, DevilDog.
December 3rd, 2007 at 8:39 amLNN is the best Fly call ever.
Thanks, Fly.
-DT
December 3rd, 2007 at 8:41 amThx Juice. I’ll pass it on.
December 3rd, 2007 at 8:42 amWasn’t it just a few weeks ago that Paulson was saying this was no big deal? Oh, right, nevermind.
kmorph,
RIMM earnings in 3 weeks
December 3rd, 2007 at 8:42 amHey Boomer, I kept it quiet, but I’ve been riding BOOM with you from 47. Thanks for a great tip man. I took 1/2 profits a few days ago, but holding on to the rest for a while. It’s looking real good.
December 3rd, 2007 at 8:45 amWhat do you guy know about these changes in Reg SHO?
____________________________
“The Securities and Exchange Commission (SEC) has amended Regulation SHO to eliminate the “grandfather provision†and will take effect on October 15, 2007.
SEC Regulation SHO sets out rules governing short sales, including the mandatory close-out requirement that applies to securities in which a substantial amount of fails to deliver have occurred (“threshold securitiesâ€). Clearing agency participants and broker-dealers for which they clear positions (“participantsâ€) must take immediate action to close out a fail to deliver position in a Threshold Security that has lasted for 13 consecutive settlement days by purchasing securities of like kind and quantity (“close-out requirementâ€).
The amendment eliminates one of the exceptions to the Close-out Requirement for fails to deliver established prior to a security becoming a Threshold Security (“grandfather provisionâ€). The amendment requires Participants to close out any previously-grandfathered fails to deliver in a security that is on the Threshold Security List on October 15th. The close-out must occur within 35 consecutive settlement days of October 15th. If a security becomes a Threshold Security after October 15th, all fails to deliver must be closed out within 13 consecutive settlement days.
What do I have to do on or after October 15th?
December 3rd, 2007 at 8:47 amThis amendment does not require NASDAQ to make any changes to its Threshold Security List. However, Participants should ensure that they close out previously-grandfathered fail to deliver positions within the time frames established by the amendment. Participants that do not close out these fail to deliver positions within 35 days will, by rule, be prohibited from accepting any short sale orders or effecting further short sales in these securities until the entire fail to deliver position is closed out.”
DD- was that dynamite in the cars engine. Also you have to be over 47.5–simply because nobody under that age has an epoxy coated driveway. Except maybe Shed.
December 3rd, 2007 at 8:47 amRIMM may get a pop at earnings but it will not last. It may very well take a dive at earnings due to all the BULLSHIT hype not being met. High dollar smart phones are doomed.
December 3rd, 2007 at 8:50 amWell the Paulson(buy the dip) is done back to reality. Mr. Credibility said subprime and the housing market were not a problem. Evidently, he is a liar or just stupid. My vote is he is a liar.
“High dollar smart phones are doomed.” Now that is GAY!
December 3rd, 2007 at 8:51 amBring back the Motorola brick phone!
December 3rd, 2007 at 8:54 amBag phones. Now those were Gay!
December 3rd, 2007 at 8:57 amThis seems to be the shakeout before the earnings run on RIMM.
December 3rd, 2007 at 9:02 amAnalysts up to their same old tricks. Buy the downgrade.
BOOMER:
December 3rd, 2007 at 9:04 amSmart phones are gay and too expensive during a RECESSION/DEPRESSION. Same reason MVIS is going back to $1. I guess that is why you got stopped out on RIMM. What’s the matter? No confidence in your purchase? Don’t you know that markets go up over time? RIMM is going to $180! I don’t understand why you’re doing trailing stops. Please explain Mr. BULLSHITTER.
DD — Smart phones will get cheaper.
Unlike food.
December 3rd, 2007 at 9:07 amThe FLY cannot be with you all today as he is busily liquidating positions in order to obtain higher quality chicken wire for the windows of his Romanian villa.
December 3rd, 2007 at 9:08 amthe tan fucker seems a bit whiter shade of pale than he was in the halcyon days
December 3rd, 2007 at 9:08 ama.m. looks like he spent 100m of the 130m on tanning salons.
December 3rd, 2007 at 9:11 amThat’s just great, Spicoli. CNBC has skidded to new gutter lows. News slut Maria Bartabimbo interviewing mafioso CEO Angelo Godzillo. He should be in jail for fraud. If you are even thinking of buying CFC or it’s preferred, please go take a cold shower, This guy has lied through his teeth for months as he dumped his stock higher up. Their 4th quarter is going to be a disaster and going forward looks worse. You can’t run a mortgage dump by putting your unsellable crap into a (very small) bank subsidiary. the bank can’t fund itself nor can it pay dividends to the parent and the parent’s short term funding is 500bp negative carry.
December 3rd, 2007 at 9:19 amSee ya’ in Folsom, angelo!
JakeGint:
December 3rd, 2007 at 9:22 amThat is why RIMM is going down and will continue to do so next year(to $60) as their earnings and revenue due to lowering their prices and therefor their EPS will come no where near all the stupid analyst projections for ‘08, ‘09 and ‘10. Will also be interesting when the Visto patent lawsuit goes to trial in ‘08 down here in Texas. We don’t like thieves. RIMM is Texas toast! If it gets by with one more pop this month at earnings I’ll be adding heavy to my $136 SHORT. It probably will pop so the BULLS can use it for an end of month market rally to paint the tape again for 401K end of quarter/year statements. I hope it does so I can SHORT again.
tendollartommy:
Totally agree with you. cnbc(maria is a skank) works for wall st. and angelo is a skin cancer, lying, stealing turd.
December 3rd, 2007 at 9:26 amMr. Fly cannot be with us today as he is being installed as Burgermeister Meisterburger of the Romanian village of Glod today.
The transaction costs have been rumored to be in the mid to high double digits, American.
December 3rd, 2007 at 9:28 amMrKc, people have paved driveways? Where?
December 3rd, 2007 at 9:36 amFly:
How are those big dicked gains going for you on ACF?
December 3rd, 2007 at 9:37 am“BOOMER:
Smart phones are gay and too expensive during a RECESSION/DEPRESSION. Same reason MVIS is going back to $1. I guess that is why you got stopped out on RIMM. What’s the matter? No confidence in your purchase? Don’t you know that markets go up over time? RIMM is going to $180! I don’t understand why you’re doing trailing stops. Please explain Mr. BULLSHITTER.”
You are older than 50, I’d bet. 1) you are worried about a depression, 2) You don;t realize that these “phones” are the preferred communications appliance of the “kids.” They will dump home phone, PC, and cable television before they dump their crackberry/sidekick/iPhone/et al.
I always use trailing stops when I experiment with new stocks. anyway, i dont really have a dog in the hunt. just opinion.
dnt u wnt 2 no the trth? idk, ttyl.
December 3rd, 2007 at 9:38 amDevil, you sound like JJ for gods sake. In addition to what Boomer said, corporate customers world-wide won’t be significantly affected by any kind of economic slowdown outside of a nuclear war. What, you’re telling me that corporations will get a directive from above, “Stop using your mobile devices. We are trying to save money.” Come on, how unrealistic can you be? Rapid global expansion of mobile markets will continue no matter what. That is why MVIS will get its proper valuation medium-term, even if competition kills it long-term.
December 3rd, 2007 at 9:53 amSorry guys I don’t agree. 1.) Kids don’t buy dingleberrys. 2.) Corporations have already upgraded their old berries to the new ones and will not be replacing again during a RECESSION.
December 3rd, 2007 at 10:07 am3.) No one wants or needs a projector in a cell phone. MVIS is a non-starter.
December 3rd, 2007 at 10:09 amnone of you are commenting on what is the biggest threat to RIMM - Google. If Google launches a Gphone, subsidized with ads, and free to the end user….Watch out.
other than free, RIMM wins.
December 3rd, 2007 at 10:10 ammultiple compression…a concept not discussed often here, if ever…there are times when the market could give a rip about furture growth rates…this could well be one of those periods.
December 3rd, 2007 at 10:12 amBoomer & Frosy:
December 3rd, 2007 at 10:29 am2 good points. Boomer, I still think RIMM is way over hyped regardless of GOOG.
Dang…making too much money on my NSR SHORT! You guys should have joined me.
December 3rd, 2007 at 10:36 amI have been a fan of this blog for awhile and think many of you guys are pretty smart some are pretty gay others just pretty. So I decided to see if any of you can give me some advice on a Fidelity 401k I have invested in equity that I want to exchange for a bond fund. So does anyone have any ideas about whether I should go for short, intermediate, or long? Which term would give me the best bang for my buck? I have been looking at the Fidelity Spartan Intermediate Trust Index. Does anyone have any opinions? I will appreciate any response, thanks.
December 3rd, 2007 at 10:46 amDon’t you naysayers understand? The younger generation have different priorities than you or I. They can’t afford gasoline, decent clothes or health insurance, but they continue to by their fucking smart phones. Some of my undergrad students look like fucking homeless people but they damn sure have their blackberries, iphones, and nokia smart phones working overtime. We’ve had to consider banning them from the classroom because of the constant distraction and potential for cheating. Gotta love these kids and their fucked up priorities.
December 3rd, 2007 at 10:52 amoops, “buy” their fucking smart phones
December 3rd, 2007 at 10:53 amcocobop: stay 100% in equities. The market only goes up over time…if you get out now you’ll miss the bottom which is here now…stocks are undervalued and cheap…the fed has your back…you can trust the banks, brokers, the tan man and paulson…we’re in a multi-century global expansion and BULL MARKET…oil is going back to $40…gold to $300…the $ is up to .80 versus the euro and 200 versus the yen…middle east peace & no more terrorist risk…putin is bush’s buddy…bond returns will suck as the U.S. economy and corporate earnings explode due to rampant consumer consumption and a resumption of he housing boom in spring ‘08…etc…etc…
December 3rd, 2007 at 10:59 amNow it’s clear, DevilDog is actually Larry Kudlow!
December 3rd, 2007 at 11:00 amCocobop: Bonds are gay, as is Rick Santelli
December 3rd, 2007 at 11:02 amGolden Bear- that is a great comment. Had to read it out loud to my son.
December 3rd, 2007 at 11:04 amGoldenBear:
December 3rd, 2007 at 11:05 amCell phone helps cheating…nice to know that the current generation understands the importance of cheating in American culture. I guess they are preparing themselves for careers on wall st. and/or in government or corporate leadership.
BULLS beware as you will bounce only one more time to this neighborhood…maybe.
December 3rd, 2007 at 11:08 amWent to the local outlet mall this weekend (ala Fly) and noticed that the Coach store had a waiting line outside in 20 degree weather as the store was too full to let anymore in …. one at a time as other shoppers left ….. just poor middleclass asshats that can only afford elitist crap on the cheap or is Coach still hot ala TIF ????
Odd, No ……
December 3rd, 2007 at 11:09 amCocobop. You want to go to 100% bonds? How old are you? If you’re close to retirement, then you want to a bit more safe. But still, never put 100% into one thing.
Market timing is hard. I suggest you diversify among large, small, international and bonds. But allocate more money to whatever is bullish at the moment. Right now, US stocks are hot.
December 3rd, 2007 at 11:10 amGolden Bear:
No I’m actually Cramer.
December 3rd, 2007 at 11:12 amI believe that PleaseKillMe is Kudlow.
December 3rd, 2007 at 11:14 amMy FDX SHORT is doing well. FDX will visit $91 again before the fed BULLSHIT bounce on the 11th that will not last for long.
December 3rd, 2007 at 11:17 amNews Alert: Golden Bear downgrades Countrywide from Sell to Prosecute and Incarcerate the tanned fucker.
December 3rd, 2007 at 11:42 amThanks for the comments and suggestions everyone.
December 3rd, 2007 at 11:53 amDevilDog why do you have to be so nasty? No one here is forcing you to be that way. Can’t you just chill?
Ducati when you say ladder do you mean one third short, one third IM and one third long?
Pleasekillme, yes I am retired but this 401 account is not 100% of my assets. Actually I just did one third of my retirement monies in a 1 year CD with Countrywide (over 5%) the second third is this equity account at Fidelity and the last third I actively trade daily in stocks and options. I went through the last Bear market and held on and watched my equity accounts get hairclipped 50 to 75% and don’t ever want to go through that again. If we go into recession which I am coming to believe, it can in no way be good for domestic equities or international equities either. Interest rates must fall and that would be bullish for the dollar but Fidelity doesn’t have any way to invest in the dollar directly. So I guess that my choices come down to either Intermediate or long term. Is there any way to check to see if that fund I mentioned the Spartan Fund contains any Sub-prime paper or CMOs. That would certainly be a deal killer.
i can’t wait until all the kids show up at the coffee bars and break out their ppt presentations about the cagr of the #1 clique.
then they can nominate/vote more effectively.
December 3rd, 2007 at 1:08 pm